The ministry of finance has issued a decree to the effect that factoring shall be charged to VAT from July 1, 2004 following the ECJ case of MKG-Kraftfahrzeug-Factoring-GmbH of June 23, 2003.

The finance ministry has issued a decree on the calculation of the 75% of salary limit indicating a possibly excessive promise reflecting future salary rises.

The Supreme Tax Court has rejected a claim for tax recognition of losses incurred in dealing in securities on the grounds that the operations were not part of a recognisable business

The Supreme Tax Court has held that the employee of a foreign parent delegated to act as a GmbH's managing director does not automatically rank as the Employee of the GmbH For "wages tax".

The Supreme Ttax Court decided that the write-down of a loan to a shareholder does not constitute a hidden distribution as the anticipated loss of the loan asset has not yet been realised.

The Supreme Tax Court follows the ECJ decision in the Faxworld case and allows a civil law partnership, that was formed to set up a company, to deduct input VAT

The European Commission has proposed a Code of Conduct for all procedures under the Arbitration Convention with the object of avoiding double taxation on intra-community trade.

It is now clear that the Competition Authority is a watchdog with a real bite and not just a bark. The competition regulator, approaching its 10th birthday...